GBPUSD Forex Analysis for Today – Friday, 06-10-2023
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GBPUSD Rebounding Towards Resistance Zone
GBPUSD analysis – GBPUSD is in a rebounding motion towards the resistance zone of 1.22156 – 1.22212.
Today’s Trading Strategy:
There is a selling opportunity for GBPUSD today as long as it doesn’t breach above the zone of 1.22156 – 1.22212, with the potential to decline towards the range of 1.21155 – 1.20952.
Alternative Scenario:
If the resistance zone at 1.22156 – 1.22212 is penetrated, it may push GBPUSD higher towards the area of 1.22632 – 1.22740.
Resistance Levels:
- R1: 1.22212
- R2: 1.22740
- R3: 1.23091
Support Levels:
- S1: 1.20952
- S2: 1.20324
- S3: 1.19966
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